Citigroup's quarterly profit rose 21 percent as expenses declined and the company drew down reserves it had taken against bad mortgage loans.
After the earnings announcement, the company's shares fell in pre-market trading. (Click here to get the latest quotes.)
Fourth-quarter adjusted net income rose to $2.60 billion, or 82 cents per share, from $2.15 billion, or 69 cents per share, in the same period of 2012, the third-largest U.S. bank said on Thursday.
(Read more: Goldman Sachs earnings beat estimates)